Tag:Joe Lacob
Posted on: November 12, 2010 3:18 pm
Edited on: November 12, 2010 3:22 pm
 

Warriors sale official; let the new era begin

Posted by Royce Young

It took a little longer than expected, but finally, officially, the Chris Cohan era is over in Golden State. The NBA's owners unanimously approved the sale to Joe Lacob and his group that includes managing partner Peter Guber.

Guber tweeted earlier today that the sale was done.

It's almost like the new era has even begun for the Warriors before the sale was actually finalized too. Golden State loosk re-energized, starting 6-3 on the year, one of the team's best starts in over a decade.

Lacob purchased the team with business partner Peter Guber back in mid-July for a reported $450 million. And since taking over (sort of), Lacob has moved quickly trying to restructure the future of the team. He's done numerous interviews trying to lay out a new vision and his influence is likely what helped push Don Nelson out the door and bring Keith Smart in. Lacob was also consulted on the David Lee move as well as the deal that signed Jeremy Lin .

The new owners aren't entirely new to the team ownership game. Lacob bought a share of the Celtics in 2006 and Guber's Mandalay Entertainment owns and operates multiple minor league baseball teams, including two affiliates of the New York Yankees.

Cohan has owned the team for 16 years and in that time has seen the Warriors appear only once in the postseason (2007). Cohan's purchase price was somewhere in the $120 million range. Under Cohan, the Warriors have yielded the second worst record in that span, second to only the Clippers .

It's a good day for Warrior fans to now move past a former ownership that didn't seem as concerned with winning as the new group does. There's really no reason the Warriors shouldn't be better. And now with Cohan out and new owners in, maybe things will turn around.
They're definitely already off to a pretty good start.
Posted on: October 29, 2010 1:12 am
Edited on: August 14, 2011 8:13 pm
 

Golden State Warriors sale delayed again

The sale of the Golden State Warriors has reportedly been delayed again. Posted by Ben Gollivermonta-ellis The Golden State Warriors have been known, first and foremost, for their insane pace, eschewing defense for run-and-gun fun. But when it comes to the franchise's sale, things are moving glacially. Matt Steinmetz of CSNBayArea.com reports that Joe Lacob, who agreed to purchase the Warriors from previous owner Chris Cohan over the summer, will not officially complete the transaction and transfer of power on Friday, as previously expected. 
Well, turns out Joe Lacob isn’t going to be the owner of the Warriors by Friday, which was something NBA commissioner David Stern had wanted.   Looks like it’s going to be November.  
Steinmetz also notes that the official deadline for the deal is Dec. 31, but that eveything appears to be "on track."   Speaking of on track, the Warriors started the season off in impressive fashion, running past the Houston Rockets 132-128, thanks to a career-high 46 points from guard Monta Ellis.  It's now been three and a half months since the sale agreement was announced as "official." If only Ellis could help Lacob get this process back in the fast lane. 
Posted on: October 19, 2010 12:47 pm
Edited on: October 19, 2010 12:50 pm
 

Report: Warriors sale pretty much official

Posted by Royce Young

By the first week of November, Chris Cohan will finally be out in Golden State and a new era with a new owner will begin.

Matt Steinmetz of CSN Bay Area reports that according to multiple sources, new owner Joe Lacob has financing in place and is expected to seize control of the team no later than a few days into November. Lacob was hoping to get the owner approval vote at the Oct. 20-21 Board of Governor's meeting, but that appears unlikely, according to Steinmetz.

Will Lacob have control over the team by the season opener Oct. 27? That will be tight, it appears, though one source told Steinmetz is would be done by the time the Warriors open against the Rockets. While Lacob won't likely get the vote Oct. 20, a vote on the sale can be done by e-mail or teleconference at any time. Three-fourths of the owners have to approve of the sale for it to become final.

Lacob purchased the team with business partner Peter Guber back in mid-July for a reported $450 million. And since taking over (sort of), Lacob has moved quickly trying to restructure the future of the team. He's done numerous interviews trying to lay out a new vision and his influence is likely what helped push Don Nelson out the door and bring Keith Smart in. Lacob was also consulted on the David Lee move as well as the deal that signed Jeremy Lin.

Cohan has owned the team for 16 years and in that time has seen the Warriors appear only once in the postseason (2007). Cohan's purchase price was somewhere in the $120 million range.

The Warriors will have their new era soon. Just another week or two until they can wash their hands of the Chris Cohan era and hopefully move on to something a little brighter.
Posted on: September 23, 2010 8:28 pm
Edited on: September 23, 2010 8:45 pm
 

The Nellieball era is over, Don Nelson to resign

Winningest coach in NBA history to resign as head coach of the Warriors, assistant Keith Smart to take over. Posted by Matt Moore

Don Nelson has been involved in the NBA in some capacity nearly every single year since 1962. Somehow, despite eschewing every traditional basketball value (discipline, defense, poor sense of humor), he's managed to hang on year after year. But after turning 70 and with new ownership taking over in Golden State, talk had developed that his time may be done.

It would appear that talk was well founded. Ken Berger of CBSSports.com has confirmed a report from Matt Stenimetz of CSN Bay Area reports that Don Nelson will announce his resignation as head coach of the Golden State Warriors on Monday. Keith Smart will take over as expected. Steinmetz also reports Calbert Cheaney will move from the front office to an assistant coaching position. 

Smart is unlikely to differentiate significantly from the system he's been under immediately, but changes may be made in the same vein as Alvin Gentry's changes to the Warriors. With a better team composed around David Lee inside, the Warriors present a young, versatile team led by Stephen Curry. Then again, Smart could completely switch it up and run what's called, what is it, what's the word? Oh, yeah, a system.

But it will still be strange to see an NBA without Nelson in it, assuming he elects not to pursue another position during the season. At 70 years old, he's hinted strongly at retiring and walking away finally, but with Nelson, you never can tell. During his time, Nelson managed to take the tile of winningest coach in NBA history with 1,333 wins in his career.

There had been thought new owner Joe Lacob might retain Nelson due to the awkward timing of the finalization of the sale, but it would appear that moves to take the franchise into the future are already being set in motion.

We'll keep you updated on how the situation in Golden State progresses.

Posted on: September 15, 2010 12:28 pm
Edited on: September 15, 2010 12:34 pm
 

Signs pointing to an early Don Nelson departure

Posted by Royce Young

Don Nelson's days are numbers in the Bay Area. But you already knew that.

Whether it's this year or the next, the NBA's all-time winningest coach won't be patroling the Golden State sideline any more. But Tim Kawakami of the San Jose Mercury News says signs are pointing to a sooner than later situation:
The signals are strong: If the timing is right and the discussions progress, my belief is that Joe Lacob is planning to move on from Don Nelson and probably install Keith Smart as the Warriors’ interim coach for the coming season.
As Kawakami mentions, nothing is set in stone. For example, the new ownership group headed by Joe Lacob hasn't even officially been handed the keys to the franchise.

Also, Kawakami added that the Warriors recent moves (Lou Amundson and Rodney Carney) suggest the team might not be built to be coached by Nelson.

But time is running thin. Training camp starts in just a few weeks and past that, things start to get a bit awkward. Lacob prefers defense over offense and well, we know what Nelson likes to do. Smart would be a better fit to begin the transition the Warriors want to make. He's been in charge of the team before, the players know him and he'd fit well in moving Golden State from one system to the next.

Does it get done in two weeks? Or even a month? That comes down to the league office and how ownership gets transferred. Owners vote in October and by then, training camp will be in full swing. Plus, Nelson is owed about $6 million for his services for this season.

But this much we know: Lacob wants to move on and get his people in place. Current owner Chris Cohen is loyal to Nelson. And Lacob might be hesitant to make a mid-season move on a guy like Nelson, instead letting him ride a horse off into the sunset.

The whole situation kind of fits the Warriors well. Stuck in transition.

 
 
 
 
The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com